Home ForexFTSE FTSE 100 to open narrowly higher as it consolidates above 7,000

FTSE 100 to open narrowly higher as it consolidates above 7,000

by Jonathan Adams

London’s FTSE 100 is expected to continue its consolidation above 7,000 as it opens Thursday’s trading narrowly higher.

Britain’s politics and the pending Brexit process remains a key feature for traders and investors, albeit currency and equity markets have steadied somewhat since the volatility at the start of this week.

Attentions are also turning more to US presidential election which is now just over a month away.

Central bankers remain in focus, both in Europe and the United States.

Analyst at CMC Markets, Michael Hewson said, “It would appear that some investor angst surrounding a possible ECB tapering of its bond buying program early next year, as well as hawkish Fed chatter contrived to push European stocks lower yesterday, along with gold prices, though after a positive finish in the US last night, we could well see a positive open today”.

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